{
  "docId": "019dd923-622b-71dc-a6db-e931f56f1462",
  "docSlug": "d6d66fcf58f9",
  "documentTitle": "Brookdale Senior Living Inc. (BKD)",
  "authorId": "08_Sandell",
  "authorName": "Thomas Sandell",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2015-02-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2941177,
  "pageNumber": 14,
  "pageCount": 18,
  "prevPage": 13,
  "nextPage": 15,
  "slideType": "nominee_bio",
  "function": "introduce_nominees",
  "density": "balanced",
  "nDataPoints": 0,
  "notes": "The slide uses a table to contrast director attributes, specifically highlighting the lack of 'Real Estate' experience across the board.",
  "elementsJson": [
    "headline_text",
    "subtitle_text",
    "bullet_list",
    "comparison_table",
    "footnote"
  ],
  "metadataConfidence": 0.95,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6db-e931f56f1462/14",
  "deckHref": "/decks/019dd923-622b-71dc-a6db-e931f56f1462",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6db-e931f56f1462.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-e931f56f1462#slide-14",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "In our view, with resignation of Fortress Directors, BKD Board is deficient in both real estate experience and independent shareholder representation",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-3f40-73bb-a604-de79ddaf28a2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.9,
        "x": 0.04,
        "y": 0.22
      },
      "kind": "list",
      "text": "In our view, with resignation of Fortress Directors, BKD Board is deficient in both real estate experience and independent shareholder representation. Of remaining eight Board members, only three have no connection to BKD or previous Company acquisitions. These three ‘independent’ Directors seem to have little relevant operating experience and limited interaction with capital markets. Most Directors are either Self-Employed or Retired with potentially undue reliance on Board fees as income (ranged from $147k to $268k in 2013).",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b4aa4c47-f9fb-436f-b3c1-80a76aa118dc",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.2,
        "x": 0.02,
        "y": 0.88
      },
      "kind": "source-note",
      "text": "Source: Company filings, Internal Work",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "346e85c6-2df7-4808-8057-e305c3145517",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.92,
        "x": 0.04,
        "y": 0.38
      },
      "kind": "table",
      "text": "Table showing 2013/2014 Directors, their experience (Real Estate, Senior Living, Public Company, Capital Markets), Independence status, Last Operating Role, and Current Occupation.",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "63f48880-fd10-427a-bf40-4324e4ac5c10",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.55,
        "x": 0.02,
        "y": 0.17
      },
      "kind": "title",
      "text": "Board Composition: Need REIT/Real Estate Expertise Post Fortress Exit",
      "attrs": null,
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6d50e844-0eec-490a-b26d-2b4f7fc07666",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.45,
        "x": 0.02,
        "y": 0.11
      },
      "kind": "title",
      "text": "BKD: Step 2, Upgrade Corporate Governance Structure",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a0e3409e-3deb-42c3-b112-1a99e0c934fe",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Table data",
      "slug": "table-data",
      "agent": null,
      "layer": "slide",
      "matchId": "d4cf925f-eb8a-4335-9eb0-346be1757999",
      "evidence": "Table showing 2013/2014 Directors, their experience (Real Estate, Senior Living, Public Company, Capital Markets), Independence status, Last Operating Role, and Current Occupation.",
      "confidence": 0.9
    }
  ],
  "frameworks": [
    {
      "name": "governance",
      "slug": null,
      "matchId": "415185b8-33e8-487e-bae1-7c6761dccf60",
      "evidence": "Analysis of board independence and expertise",
      "confidence": 0.9
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}